I have had this stand for a while now and have found it to be more than sufficient, given its price. It is not the most ergonomic of stands when folded up (the Millenium GS-2012 definitely wins that prize), but in all honesty it is seldom that a guitar stand like this is constantly being assembled / stowed away multiple times a day.
The stand is very sturdy in day-to-day use and its footprint is a touch on the large side if you are limited for space. Likewise the angle of incline could have been reduced a touch to help minimise space reduction in compact spaces.
The one major design quirk is Ultimate's decision to accommodate both acoustic and electric guitars on the one stand. Why not go the route of the K&M 17540 which is marketed just as an electric guitar stand? I say this because the over-extended arms on the stand end up being the perfect obstruction if you have placed your guitar down with its strap. The end results is often a guitar stand that has keeled over and numerous shouted expletives.
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